Microeconomics : theory and applications with calculus

Microeconomics theory and applications with calculus

For courses in microeconomics.   Exploring Microeconomics: Formal Theory and Practical Problems Significantly revised and updated with new real-world examples, exercises, and applications, this Fourth Edition of Microeconomics: Theory and Applications with Calculus remains the premiere microecono...

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Detalles Bibliográficos
Otros Autores: Perloff, Jeffrey M., author (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Harlow, England : Pearson [2018]
Edición:Fourth edition, Global edition
Colección:Pearson series in economics.
Materias:
Microeconomics.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009670138406719
Tabla de Contenidos:
  • Cover
  • Title Page
  • Copyright Page
  • Brief Contents
  • Contents
  • Preface
  • Chapter 1 Introduction
  • 1.1 Microeconomics: The Allocation of Scarce Resources
  • Trade-Offs
  • Who Makes the Decisions
  • How Prices Determine Allocations
  • APPLICATION Twinkie Tax
  • 1.2 Models
  • APPLICATION Income Threshold Model and China
  • Simplifications by Assumption
  • Testing Theories
  • Maximizing Subject to Constraints
  • Positive Versus Normative
  • 1.3 Uses of Microeconomic Models
  • Summary
  • Chapter 2 Supply and Demand
  • CHALLENGE Quantities and Prices of Genetically Modified Foods
  • 2.1 Demand
  • The Demand Function
  • Summing Demand Functions
  • APPLICATION Aggregating Corn Demand Curves
  • 2.2 Supply
  • The Supply Function
  • Summing Supply Functions
  • How Government Import Policies Affect Supply Curves
  • 2.3 Market Equilibrium
  • Finding the Market Equilibrium
  • Forces That Drive a Market to Equilibrium
  • 2.4 Shocking the Equilibrium: Comparative Statics
  • Comparative Statics with Discrete (Relatively Large) Changes
  • APPLICATION Occupational Licensing
  • Comparative Statics with Small Changes
  • Solved Problem 2.1
  • Why the Shapes of Demand and Supply Curves Matter
  • 2.5 Elasticities
  • Demand Elasticity
  • Solved Problem 2.2
  • APPLICATION The Demand Elasticities for Google Play and Apple Apps
  • Solved Problem 2.3
  • Supply Elasticity
  • Solved Problem 2.4
  • Long Run Versus Short Run
  • APPLICATION Oil Drilling in the Arctic National Wildlife Refuge
  • Solved Problem 2.5
  • 2.6 Effects of a Sales Tax
  • Equilibrium Effects of a Specific Tax
  • The Same Equilibrium No Matter Who Is Taxed
  • Who Pays the Tax?
  • Solved Problem 2.6
  • APPLICATION Subsidizing Ethanol
  • The Similar Effects of Ad Valorem and Specific Taxes
  • 2.7 Quantity Supplied Need Not Equal Quantity Demanded
  • Price Ceiling.
  • APPLICATION Venezuelan Price Ceilings and Shortages
  • Price Floor
  • 2.8 When to Use the Supply-and-Demand Model
  • CHALLENGE SOLUTION Quantities and Prices of Genetically Modified Foods
  • Summary
  • Exercises
  • Chapter 3 A Consumer's Constrained Choice
  • CHALLENGE Why Americans Buy E-Books and Germans Do Not
  • 3.1 Preferences
  • Properties of Consumer Preferences
  • APPLICATION You Can't Have Too Much Money
  • Preference Maps
  • Indifference Curves
  • Solved Problem 3.1
  • 3.2 Utility
  • Utility Function
  • Willingness to Substitute Between Goods
  • Solved Problem 3.2
  • APPLICATION MRS Between Recorded Tracks and Live Music
  • Curvature of Indifference Curves
  • Solved Problem 3.3
  • APPLICATION Indifference Curves Between Food and Clothing
  • 3.3 Budget Constraint
  • 3.4 Constrained Consumer Choice
  • Finding an Interior Solution Using Graphs
  • Solved Problem 3.4
  • Finding an Interior Solution Using Calculus
  • Solved Problem 3.5
  • Solved Problem 3.6
  • Solved Problem 3.7
  • APPLICATION Utility Maximization for Recorded Tracks and Live Music
  • Finding Corner Solutions
  • Minimizing Expenditure
  • Solved Problem 3.8
  • 3.5 Behavioral Economics
  • Tests of Transitivity
  • Endowment Effect
  • APPLICATION Opt In Versus Opt Out
  • Salience
  • CHALLENGE SOLUTION Why Americans Buy E-Books and Germans Do Not
  • Summary
  • Exercises
  • Chapter 4 Demand
  • CHALLENGE Paying Employees to Relocate
  • 4.1 Deriving Demand Curves
  • System of Demand Functions
  • Graphical Interpretation
  • APPLICATION Smoking Versus Eating and Phoning
  • 4.2 Effects of an Increase in Income
  • How Income Changes Shift Demand Curves
  • Solved Problem 4.1
  • Consumer Theory and Income Elasticities
  • Solved Problem 4.2
  • APPLICATION Fast-Food Engel Curve
  • Solved Problem 4.3
  • 4.3 Effects of a Price Increase
  • Income and Substitution Effects with a Normal Good.
  • Solved Problem 4.4
  • APPLICATION Substituting Alcohol for Marijuana
  • Solved Problem 4.5
  • Income and Substitution Effects with an Inferior Good
  • Solved Problem 4.6
  • Compensated Demand Curve
  • Solved Problem 4.7
  • Slutsky Equation
  • 4.4 Cost-of-Living Adjustment
  • Inflation Indexes
  • Effects of Inflation Adjustments
  • APPLICATION Reducing the CPI Substitution Bias
  • 4.5 Revealed Preference
  • Recovering Preferences
  • Substitution Effect
  • CHALLENGE SOLUTION Paying Employees to Relocate
  • Summary
  • Exercises
  • Chapter 5 Consumer Welfare and Policy Analysis
  • CHALLENGE Per-Hour Versus Lump-Sum Childcare Subsidies
  • 5.1 Uncompensated Consumer Welfare
  • Willingness to Pay
  • An Individual's Consumer Surplus
  • APPLICATION Willingness to Pay and Consumer Surplus on eBay
  • Effect of a Price Change on Consumer Surplus
  • Solved Problem 5.1
  • Market Consumer Surplus
  • 5.2 Compensated Consumer Welfare
  • Indifference Curve Analysis
  • APPLICATION Compensating Variation and Equivalent Variation for the Internet
  • Compensated Demand Curves and Consumer Welfare
  • Comparing the Three Welfare Measures
  • Solved Problem 5.2
  • 5.3 Effects of Government Policies on Consumer Welfare
  • Quotas
  • Food Stamps
  • APPLICATION Food Stamps Versus Cash
  • 5.4 Deriving Labor Supply Curves
  • Labor-Leisure Choice
  • Solved Problem 5.3
  • Income and Substitution Effects
  • Solved Problem 5.4
  • Shape of the Labor Supply Curve
  • APPLICATION Working After Winning the Lottery
  • Income Tax Rates and the Labor Supply Curve
  • Solved Problem 5.5
  • CHALLENGE SOLUTION Per-Hour Versus Lump-Sum Childcare Subsidies
  • Summary
  • Exercises
  • Chapter 6 Firms and Production
  • CHALLENGE Labor Productivity During Downturns
  • 6.1 The Ownership and Management of Firms
  • Private, Public, and Nonprofit Firms
  • APPLICATION Chinese State-Owned Enterprises.
  • The Ownership of For-Profit Firms
  • The Management of Firms
  • What Owners Want
  • 6.2 Production
  • Production Functions
  • Time and the Variability of Inputs
  • 6.3 Short-Run Production: One Variable and One Fixed Input
  • Solved Problem 6.1
  • Interpretation of Graphs
  • Solved Problem 6.2
  • Law of Diminishing Marginal Returns
  • APPLICATION Malthus and the Green Revolution
  • 6.4 Long-Run Production: Two Variable Inputs
  • Isoquants
  • APPLICATION A Semiconductor Integrated Circuit Isoquant
  • Substituting Inputs
  • Solved Problem 6.3
  • Diminishing Marginal Rates of Technical Substitution
  • The Elasticity of Substitution
  • Solved Problem 6.4
  • 6.5 Returns to Scale
  • Constant, Increasing, and Decreasing Returns to Scale
  • Solved Problem 6.5
  • APPLICATION Returns to Scale in Various Industries
  • Varying Returns to Scale
  • 6.6 Productivity and Technical Change
  • Relative Productivity
  • APPLICATION A Good Boss Raises Productivity
  • Innovations
  • APPLICATION Tata Nano's Technical and Organizational Innovations
  • CHALLENGE SOLUTION Labor Productivity During Downturns
  • Summary
  • Exercises
  • Chapter 7 Costs
  • CHALLENGE Technology Choice at Home Versus Abroad
  • 7.1 Measuring Costs
  • Opportunity Costs
  • APPLICATION The Opportunity Cost of an MBA
  • Solved Problem 7.1
  • Opportunity Cost of Capital
  • Sunk Costs
  • 7.2 Short-Run Costs
  • Short-Run Cost Measures
  • APPLICATION The Sharing Economy and the Short Run
  • Solved Problem 7.2
  • Short-Run Cost Curves
  • Production Functions and the Shape of Cost Curves
  • APPLICATION Short-Run Cost Curves for a Japanese Beer Manufacturer
  • Effects of Taxes on Costs
  • Short-Run Cost Summary
  • 7.3 Long-Run Costs
  • Input Choice
  • Solved Problem 7.3
  • Solved Problem 7.4
  • How Long-Run Cost Varies with Output
  • Solved Problem 7.5
  • Solved Problem 7.6
  • The Shape of Long-Run Cost Curves.
  • APPLICATION 3D Printing
  • Estimating Cost Curves Versus Introspection
  • 7.4 Lower Costs in the Long Run
  • Long-Run Average Cost as the Envelope of Short-Run Average Cost Curves
  • APPLICATION Choosing an Inkjet or Laser Printer
  • Short-Run and Long-Run Expansion Paths
  • How Learning by Doing Lowers Costs
  • 7.5 Cost of Producing Multiple Goods
  • APPLICATION Medical Economies of Scope
  • CHALLENGE SOLUTION Technology Choice at Home Versus Abroad
  • Summary
  • Exercises
  • Chapter 8 Competitive Firms and Markets
  • CHALLENGE The Rising Cost of Keeping On Truckin'
  • 8.1 Perfect Competition
  • Price Taking
  • Why a Firm's Demand Curve Is Horizontal
  • Perfect Competition in the Chicago Commodity Exchange
  • Deviations from Perfect Competition
  • Derivation of a Competitive Firm's Demand Curve
  • Why Perfect Competition Is Important
  • Solved Problem 8.1
  • 8.2 Profit Maximization
  • Profit
  • Two Steps to Maximizing Profit
  • 8.3 Competition in the Short Run
  • Short-Run Competitive Profit Maximization
  • Solved Problem 8.2
  • APPLICATION Fracking and Shutdowns
  • Short-Run Firm Supply Curve
  • Solved Problem 8.3
  • Short-Run Market Supply Curve
  • Short-Run Competitive Equilibrium
  • Solved Problem 8.4
  • 8.4 Competition in the Long Run
  • Long-Run Competitive Profit Maximization
  • Long-Run Firm Supply Curve
  • APPLICATION The Size of Ethanol Processing Plants
  • Long-Run Market Supply Curve
  • APPLICATION Entry and Exit of Solar Power Firms
  • APPLICATION Upward-Sloping Long-Run Supply Curve for Cotton
  • APPLICATION Reformulated Gasoline Supply Curves
  • Solved Problem 8.5
  • Long-Run Competitive Equilibrium
  • CHALLENGE SOLUTION The Rising Cost of Keeping On Truckin'
  • Summary
  • Exercises
  • Chapter 9 Properties and Applications of the Competitive Model
  • CHALLENGE Liquor Licenses
  • 9.1 Zero Profit for Competitive Firms in the Long Run.
  • Zero Long-Run Profit with Free Entry.

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